Commercial Banks Consultative Group (CBCG) Meeting Was Conducted
date: December 05, 2018
To address banking sector concerns, safeguard thier assets, Afghanistan Banks Association (ABA) with the cooperation of Da Afghanistan Bank (DAB) arranged the CBCG Meeting on December 05, 2018.
The meeting was attended by H.E. Mr. Khlil Sediq DAB Governor, Mr. Wahidullah Nawsher DAB First Deputy Governor, Mr. Salim Salah, Director General, Financial Supervision Department DAB, respected ABA Chairman, Vice Chairmen, Honorable Banks ‘Chief Executive Officers (CEOs) and ABA management.
The meeting was chaired by H.E. DAB Governor by focusing on the following agenda items.
1. Insurance of banks branches
2. (CCNPP) CITIZENS’ CHARTER NATIONAL PRIORITY PROGRAM
3. Implementation of IFRS 9
4. Reporting to IRS on Foreign Account Tax Compliance Act (FATCA)
5. Uniform BG format for all banks/ Collateral Guideline
In order to safeguard banks assets, H.E. Governor instructed banks to insure their banks-branches against fire. The other agenda points i.e. implementation of IFRS 9, Bank Guarantee, FATCA issues discussed by H.E. Governor, where the constraints further elaborated by ABA and banks.
Mr. Najibullah Amiri ABA Executive Director raised banks concerns on insurance, CCNPP, FATCA/others, requested DAB for addressing the issues. At the end, certain recommendations was given to ABA and banks to be followed.